Monday Market Commentary

by Alex Stenback on November 14, 2005

                                                         Graphic Courtesy MSNBC
Last Week
Despite the implications of this article in this weekend’s Strib, rates actually dipped a little last week on a well-bid 10 year Treasury auction, which we pointed out as the key to rate direction last week.  Rates on most loans improved slightly from their highs earlier in the week.
This Week
The dual inflationary indicators (CPI: Consumer Price Index, PPI: Producer Price Index) that print this week will garner much of the bond market’s attention – any sign of inflation could quickly erase the gains from last week.  Retail sales, industrial production, and capacity utilization are also on the (quite full) calendar this week and bear watching.
This Week’s Economic Calendar []

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